BRP (NASDAQ:DOOO) Sets New 12-Month Low - Here's What Happened

Shares of BRP Inc. (NASDAQ:DOOO - Get Free Report) reached a new 52-week low on Monday . The company traded as low as $31.94 and last traded at $32.43, with a volume of 6483 shares trading hands. The stock had previously closed at $32.44.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Raymond James restated a "strong-buy" rating on shares of BRP in a report on Thursday, March 27th. Citigroup raised shares of BRP from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $27.00 to $37.00 in a research note on Friday, April 4th. TD Securities restated a "hold" rating on shares of BRP in a research report on Thursday, March 27th. Robert W. Baird reissued a "neutral" rating and set a $43.00 price target (down from $48.00) on shares of BRP in a research note on Friday, April 4th. Finally, UBS Group dropped their price objective on BRP from $45.00 to $35.00 and set a "neutral" rating for the company in a report on Wednesday. Ten research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $53.75.

BRP Trading Down 0.1 %

The company has a current ratio of 1.37, a quick ratio of 0.57 and a debt-to-equity ratio of 5.19. The stock has a 50-day simple moving average of $37.12 and a two-hundred day simple moving average of $45.67. The firm has a market capitalization of $2.52 billion, a P/E ratio of 18.36 and a beta of 1.71.

BRP (NASDAQ:DOOO - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.07. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.97 billion. BRP had a net margin of 2.29% and a return on equity of 61.20%. On average, equities research analysts anticipate that BRP Inc. will post 3.15 earnings per share for the current year.

BRP Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, April 4th were paid a $0.1508 dividend. This is an increase from BRP's previous quarterly dividend of $0.15. The ex-dividend date was Friday, April 4th. This represents a $0.60 dividend on an annualized basis and a yield of 1.75%. BRP's payout ratio is -29.21%.

Institutional Trading of BRP

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Addenda Capital Inc. boosted its position in BRP by 10.3% during the first quarter. Addenda Capital Inc. now owns 14,699 shares of the company's stock valued at $497,000 after purchasing an additional 1,368 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of BRP by 71.7% in the 4th quarter. Mackenzie Financial Corp now owns 1,639,265 shares of the company's stock valued at $83,399,000 after buying an additional 684,651 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of BRP by 401.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 15,019 shares of the company's stock worth $765,000 after buying an additional 12,023 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of BRP by 0.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,827 shares of the company's stock worth $1,823,000 after acquiring an additional 293 shares in the last quarter. Finally, Turtle Creek Asset Management Inc. lifted its position in BRP by 29.0% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 2,970,680 shares of the company's stock valued at $151,118,000 after acquiring an additional 668,607 shares during the last quarter.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.